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DNC raises $9M in April as debt shrinks

Tuesday - 5/20/2014, 4:08pm  ET

PHILIP ELLIOTT
Associated Press

WASHINGTON (AP) -- The Democratic National Committee raised $8.9 million last month and cut its debt to a new low this election cycle, according to a financial report summary released Tuesday.

The DNC said it reduced its debt to $8.7 million in April, down from a high of almost $23 million. The committee has $7.9 million in the bank.

Full reports to the Federal Election Commission will show that most of the debt is owed to political vendors, such as advertisers, contractors and consultants, the DNC said.

The DNC said it is on track to be clear of debt to banks. The DNC paid off almost $4 million it owed in April and has paid off another almost $2 million this month, which won't be reflected in the latest report.

The Republican National Committee has not yet released its April fundraising numbers. It raised $10.2 million in March and went into April with $12.3 million in the bank. The RNC has been without debt since mid-2013.

The campaign filings came as six states held primary elections to determine party candidates for November's midterm elections, when control of the U.S. Senate is at stake.


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